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ACV ETFs

ETF Fund DATA

FUND NAME:

American Conservative Values ETF

TICKER:

ACVF

INCEPTION DATE:

10/29/2020

MANAGEMENT STYLE:

Active

CUSIP:

26923N108

TOTAL GROSS EXPENSE RATIO:

0.75

ASSET CLASS:

Equity

EXCHANGE:

NYSE Arca, Inc.

ADVISOR:

Ridgeline Research LLC

IPOV TICKER SYMBOL*:

ACVF.IV

AS OF DATE:

2/26/2021

NAV ($)**

28.37

MARKET PRICE ($)***

28.46

PREMIUM / DISCOUNT (%)

0.32%

30 DAY MEDIAN BID/ASK SPREAD****

0.24%

SHARES OUTSTANDING

179,000

TOTAL NET ASSETS

$5,078,158

*IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund’s NAV every fifteen seconds throughout the trading day.
**“Net asset value” or “NAV” is determined by adding up the value of all the assets in the fund, including assets and cash, subtracting any liabilities, and then dividing that value by the number of outstanding shares in the ETF.
***Market Price is defined as the official closing price of the ETF share.
****30-Day Median Bid/Ask Percentage Spread Calculation: Based on Rule 6c-11(c)(1)(v), to calculate the median bid-ask spread the fund, (i) identifies the ETF’s NBBO as of the end of each 10-second interval during each trading day of the last 30 calendar days; (ii) divides the difference between each such bid and offer by the midpoint of the NBBO; and (iii) identify the median of those values.

PREMIUM/DISCOUNT

NUMBER OF DAYS AT

QTD

2021

2020

PREMIUM*

30
30
24

DISCOUNT**

8
8
20

TOTAL

38
38
44

PREMIUM*

QTD

2021

2020

30
30
24

DISCOUNT*

QTD

2021

2020

8
8
20

TOTAL

QTD

2021

2020

38
38
44

*Premium – The number of trading days the ETF’s closing price exceeds its NAV.
**Discount – The number of trading days the ETF’s closing price is below its NAV.

PORTFOLIO HOLDINGS

*ACVF will immediately terminate new purchases of Apple, Amazon, and Google, while we determine the best course of action to sell our existing holdings under the most favorable conditions. This means no new investor money into the ACVF ETF will be used to purchase those companies. No new money that comes into the fund will be used to buy the stock of any of these companies. Holdings are subject to change.

BOYCOTTS (Worst of the Worst)

*ACVF will immediately terminate new purchases of Apple, Amazon, and Google, while we determine the best course of action to sell our existing holdings under the most favorable conditions. This means no new investor money into the ACVF ETF will be used to purchase those companies. No new money that comes into the fund will be used to buy the stock of any of these companies. Boycotts are subject to change.